Which of the Following Explanations Could You Reasonably Expect a Lawyer

question 64

Multiple Choice

Which of the following explanations could you reasonably expect a lawyer to use when describing the concept of a counterclaim to a new client who is unfamiliar with the litigation process?

• A) It formally sets out judiciary evidence filed to counter the plaintiff's claim.
• B) It documents the response to a defence claimed by the countering party.
• C) It documents the claim for loss filed against the party initiating the process.
• D) It formally sets out facts to be relied in defence against the plaintiff's claim.

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Definitions:

Common Shareholders' Equity

The amount of money that would be returned to shareholders if all the company's assets were liquidated and all its debts paid off.

Replacement Cost

The cost to replace an asset with another of similar kind and quality at current prices, without deduction for depreciation.

Book Value Per Share

A financial measure that calculates the per share value of a company based on common shareholders' equity in the business.

Assets

Resources owned or controlled by a business, entity, or individual with the expectation that they will provide future economic benefit.